{"data":{"id":"us-ca/bpc-11010.5","jurisdiction":"us-ca","citation":"BPC § 11010.5","heading":"","body":"The filing of a second notice of intention to sell and a second report of the commissioner under this article shall not be required when all the following conditions have been met: (a) where there has been a previous subdivision report and the lots are subsequently acquired through any foreclosure action, or by a deed in lieu of foreclosure, by a bank, life insurance company, industrial loan company, credit union, or savings and loan association licensed or operating under the provisions of a state or federal law if the acquired lots, either improved or unimproved, will be sold in conformance with the previously issued subdivision public report; (b) the original public report is given to the first purchasers of the lots in the foreclosed subdivision; and (c) the commissioner is notified of the change of ownership within 30 days of the acquisition of the title to such property.","path":["Business and Professions Code - BPC","DIVISION 4. REAL ESTATE [10000. - 11506.]","PART 2. REGULATION OF TRANSACTIONS [11000. - 11288.]","CHAPTER 1. Subdivided Lands [11000. - 11200.]","ARTICLE 2. Investigation, Regulation and Report [11010. - 11023.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"698b37175280364621167a51c48a2f70e9472df59a637d3a8e4043f1c82cdf56","source_id":"us-ca","stale":false,"prev":"us-ca/bpc-11010.4","next":"us-ca/bpc-11010.6"},"notice":"GroundRules: Original legal text. Not legal advice."}